Will the Strait of Hormuz resume navigation? Global oil bosses collectively breathe a sigh of relief

If there were a "Highway Ranking" for global energy transportation, the Strait of Hormuz would definitely stay in the top three.
About one-fifth of the world's oil shipments pass through here.
And recently, this vital energy artery has finally shown signs of easing.
According to the draft negotiations, Iran promises to clear related mines and restore commercial shipping within 30 days.
After the news broke, the market's first reaction was not celebration.
But suspicion.
Because everyone knows that the biggest characteristic of Middle East situations is:
Agreements are written quickly, but implemented slowly.
It's like signing up for a gym membership very enthusiastically, but few actually go to the gym.
Currently, the US and Iran still have disagreements on several key issues.
Including the severity of sanctions, nuclear oversight mechanisms, and the pace of releasing frozen assets.
Any one of these issues could cause negotiations to stall again.
However, from a market perspective, the very occurrence of negotiations is already a positive signal.
Because the essence of risk premium is "uncertainty."
As long as uncertainty decreases, oil prices will lose some upward momentum.
But don’t forget.
The White House has already denied the draft content exposed by the media.
In other words:
What the market sees in the script may not be the real script.
Therefore, in the coming weeks, oil prices may enter a "news-driven mode."
Today, a positive piece of news caused a 3% drop.
Tomorrow, a rumor debunking caused a 4% rise.
Investors are flipping up and down like riding a roller coaster.
For short-term traders, this might be an opportunity.
For long-term investors, attention should be on the probability of the agreement actually being finalized.
After all, what determines the trend is never rumors, but execution. #WTI原油失守90美元